Karel Mertens

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Identifer

Contact

Affiliations

• Federal Reserve Bank of Dallas / Economic Research Department
  • EDIRC entry
  • location:

Research profile

author of:

• Leverage and the Financial Accelerator in a Liquidity Trap
  American Economic Review, American Economic Association (2011)
  by Karel Mertens & Morten O. Ravn
  (ReDIF-article, aea:aecrev:v:101:y:2011:i:3:p:413-16)
• The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States
  American Economic Review, American Economic Association (2013)
  by Karel Mertens & Morten O. Ravn
  (ReDIF-article, aea:aecrev:v:103:y:2013:i:4:p:1212-47)
• The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States: Reply
  American Economic Review, American Economic Association (2019)
  by Karel Mertens & Morten O. Ravn
  (ReDIF-article, aea:aecrev:v:109:y:2019:i:7:p:2679-91)
• Work from Home before and after the COVID-19 Outbreak
  American Economic Journal: Macroeconomics, American Economic Association (2023)
  by Alexander Bick & Adam Blandin & Karel Mertens
  (ReDIF-article, aea:aejmac:v:15:y:2023:i:4:p:1-39)
• Empirical Evidence on the Aggregate Effects of Anticipated and Unanticipated US Tax Policy Shocks
  American Economic Journal: Economic Policy, American Economic Association (2012)
  by Karel Mertens & Morten O. Ravn
  (ReDIF-article, aea:aejpol:v:4:y:2012:i:2:p:145-81)
• High-Frequency Data and a Weekly Economic Index during the Pandemic
  AEA Papers and Proceedings, American Economic Association (2021)
  by Daniel J. Lewis & Karel Mertens & James H. Stock & Mihir Trivedi
  (ReDIF-article, aea:apandp:v:111:y:2021:p:326-30)
• Business cycle analysis and VARMA models
  Working Paper, Norges Bank (2008)
  by Christian Kascha & Karel Mertens
  (ReDIF-paper, bno:worpap:2008_05)
• The Macroeconomic Effects of Government Asset Purchases: Evidence from Postwar US Housing Credit Policy
  Discussion Papers, Centre for Macroeconomics (CFM) (2017)
  by Andrew Fieldhouse & Karel Mertens & Morten O. Ravn
  (ReDIF-paper, cfm:wpaper:1707)
• Marginal Tax Rates and Income: New Time Series Evidence
  CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015)
  by Mertens, Karel
  (ReDIF-paper, cpr:ceprdp:10896)
• The Macroeconomic Effects of Government Asset Purchases: Evidence from Postwar US Housing Credit Policy
  CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017)
  by Ravn, Morten & Mertens, Karel & Fieldhouse, Andrew
  (ReDIF-paper, cpr:ceprdp:11830)
• Do Monetary Policy Announcements Shift Household Expectations?
  CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020)
  by Mertens, Karel & Lewis, Daniel & Makridis, Christos
  (ReDIF-paper, cpr:ceprdp:14360)
• Work from Home Before and After the COVID-19 Outbreak
  CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022)
  by Bick, Alexander & Blandin, Adam & Mertens, Karel
  (ReDIF-paper, cpr:ceprdp:15000)
• Dynamic Identification Using System Projections and Instrumental Variables
  CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022)
  by Lewis, Daniel & Mertens, Karel
  (ReDIF-paper, cpr:ceprdp:17153)
• The Aggregate Effects of Anticipated and Unanticipated U.S. Tax Policy Shocks: Theory and Empirical Evidence
  CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008)
  by Ravn, Morten & Mertens, Karel
  (ReDIF-paper, cpr:ceprdp:6673)
• Empirical Evidence on the Aggregate Effects of Anticipated and Unanticipated U.S. Tax Policy Shocks
  CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009)
  by Ravn, Morten & Mertens, Karel
  (ReDIF-paper, cpr:ceprdp:7370)
• Measuring the Impact of Fiscal Policy in the Face of Anticipation: A Structural VAR Approach
  CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009)
  by Ravn, Morten & Mertens, Karel
  (ReDIF-paper, cpr:ceprdp:7423)
• Understanding the Aggregate Effects of Anticipated and Unanticipated Tax Policy Shocks
  CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009)
  by Ravn, Morten & Mertens, Karel
  (ReDIF-paper, cpr:ceprdp:7505)
• Fiscal Policy in an Expectations Driven Liquidity Trap
  CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010)
  by Ravn, Morten & Mertens, Karel
  (ReDIF-paper, cpr:ceprdp:7931)
• Technology-Hours Redux: Tax Changes and the Measurement of Technology Shocks
  CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010)
  by Ravn, Morten & Mertens, Karel
  (ReDIF-paper, cpr:ceprdp:7962)
• Credit Channels in a Liquidity Trap
  CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011)
  by Ravn, Morten & Mertens, Karel
  (ReDIF-paper, cpr:ceprdp:8322)
• The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States
  CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011)
  by Ravn, Morten & Mertens, Karel
  (ReDIF-paper, cpr:ceprdp:8554)
• A Reconciliation of SVAR and Narrative Estimates of Tax Multipliers
  CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012)
  by Ravn, Morten & Mertens, Karel
  (ReDIF-paper, cpr:ceprdp:8973)
• Measuring the Impact of Fiscal Policy in the Face of Anticipation: A Structural VAR Approach
  Economic Journal, Royal Economic Society (2010)
  by Karel Mertens & MortenO. Ravn
  (ReDIF-article, ecj:econjl:v:120:y:2010:i:544:p:393-413)
• The Role of Expectations in Sudden Stops
  Working Papers, Cornell University, Center for Analytic Economics (2007)
  by Mertens, Karel
  (ReDIF-paper, ecl:corcae:07-10)
• Business cycle analysis and VARMA models
  Journal of Economic Dynamics and Control, Elsevier (2009)
  by Kascha, Christian & Mertens, Karel
  (ReDIF-article, eee:dyncon:v:33:y:2009:i:2:p:267-282)
• State-level implications of federal tax policies: Comments
  Journal of Monetary Economics, Elsevier (2019)
  by Mertens, Karel
  (ReDIF-article, eee:moneco:v:105:y:2019:i:c:p:91-93)
• Deposit rate ceilings and monetary transmission in the US
  Journal of Monetary Economics, Elsevier (2008)
  by Mertens, Karel
  (ReDIF-article, eee:moneco:v:55:y:2008:i:7:p:1290-1302)
• A reconciliation of SVAR and narrative estimates of tax multipliers
  Journal of Monetary Economics, Elsevier (2014)
  by Mertens, Karel & Ravn, Morten O.
  (ReDIF-article, eee:moneco:v:68:y:2014:i:s:p:s1-s19)
• The macroeconomic effects of Government asset purchases: evidence from postwar US housing credit policy
  LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2017)
  by Fieldhouse, Andrew & Mertens, Karel & Ravn, Morten O.
  (ReDIF-paper, ehl:lserod:86167)
• How the Removal of Deposit Rate Ceilings Has Changed Monetary Transmission in the US: Theory and Evidence
  Economics Working Papers, European University Institute (2006)
  by Karel Mertens
  (ReDIF-paper, eui:euiwps:eco2006/34)
• Business Cycle Analysis and VARMA models
  Economics Working Papers, European University Institute (2006)
  by Christian Kascha & Karel Mertens
  (ReDIF-paper, eui:euiwps:eco2006/37)
• The Aggregate Effects of Anticipated and Unanticipated U.S. Tax Policy Shocks: Theory and Empirical Evidence
  Economics Working Papers, European University Institute (2008)
  by Karel Mertens & Morten O. Ravn
  (ReDIF-paper, eui:euiwps:eco2008/05)
• Regime Switching Interest Rates and Fluctuations in Emerging Markets
  Economics Working Papers, European University Institute (2009)
  by Bertrand Gruss & Karel Mertens
  (ReDIF-paper, eui:euiwps:eco2009/22)
• The Near Term Growth Impact of the Tax Cuts and Jobs Act
  Working Papers, Federal Reserve Bank of Dallas (2018)
  by Karel Mertens
  (ReDIF-paper, fip:feddwp:1803)
• The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States: Reply to Jentsch and Lunsford
  Working Papers, Federal Reserve Bank of Dallas (2018)
  by Karel Mertens & Morten O. Ravn
  (ReDIF-paper, fip:feddwp:1805)
• Do Monetary Policy Announcements Shift Household Expectations?
  Working Papers, Federal Reserve Bank of Dallas (2019)
  by Daniel J. Lewis & Christos Makridis & Karel Mertens
  (ReDIF-paper, fip:feddwp:1906)
• Measuring Real Activity Using a Weekly Economic Index
  Working Papers, Federal Reserve Bank of Dallas (2020)
  by Daniel J. Lewis & Karel Mertens & James H. Stock
  (ReDIF-paper, fip:feddwp:87839)
• Mobility and Engagement Following the SARS-Cov-2 Outbreak
  Working Papers, Federal Reserve Bank of Dallas (2020)
  by Tyler Atkinson & Jim Dolmas & Christoffer Koch & Evan F. Koenig & Karel Mertens & Anthony Murphy & Kei-Mu Yi
  (ReDIF-paper, fip:feddwp:88040)
• Work from Home Before and After the COVID-19 Outbreak
  Working Papers, Federal Reserve Bank of Dallas (2020)
  by Alexander Bick & Adam Blandin & Karel Mertens
  (ReDIF-paper, fip:feddwp:88255)
• Dynamic Identification Using System Projections on Instrumental Variables
  Working Papers, Federal Reserve Bank of Dallas (2022)
  by Daniel J. Lewis & Karel Mertens
  (ReDIF-paper, fip:feddwp:93894)
• A Robust Test for Weak Instruments for 2SLS with Multiple Endogenous Regressors
  Working Papers, Federal Reserve Bank of Dallas (2022)
  by Daniel J. Lewis & Karel Mertens
  (ReDIF-paper, fip:feddwp:94370)
• The Returns to Government R&D: Evidence from U.S. Appropriations Shocks
  Working Papers, Federal Reserve Bank of Dallas (2023)
  by Andrew J. Fieldhouse & Karel Mertens
  (ReDIF-paper, fip:feddwp:96171)
• A Narrative Analysis of Federal Appropriations for Research and Development
  Working Papers, Federal Reserve Bank of Dallas (2023)
  by Andrew J. Fieldhouse & Karel Mertens
  (ReDIF-paper, fip:feddwp:97527)
• The Postpandemic U.S. Immigration Surge: New Facts and Inflationary Implications
  Working Papers, Federal Reserve Bank of Dallas (2024)
  by Anton A. Cheremukhin & Sewon Hur & Ron Mau & Karel Mertens & Alexander W. Richter & Xiaoqing Zhou
  (ReDIF-paper, fip:feddwp:98919)
• Distributional Considerations for Monetary Policy Strategy
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2020)
  by Laura Feiveson & Nils M. Gornemann & Julie L. Hotchkiss & Karel Mertens & Jae W. Sim
  (ReDIF-paper, fip:fedgfe:2020-73)
• Work from Home Before and After the COVID-19 Outbreak
  Working Papers, Federal Reserve Bank of St. Louis (2022)
  by Alexander Bick & Adam Blandin & Karel Mertens
  (ReDIF-paper, fip:fedlwp:93893)
• Work from Home and Interstate Migration
  Working Papers, Federal Reserve Bank of St. Louis (2024)
  by Alexander Bick & Adam Blandin & Karel Mertens & Hannah Rubinton
  (ReDIF-paper, fip:fedlwp:98267)
• Monitoring Real Activity in Real Time: The Weekly Economic Index
  Liberty Street Economics, Federal Reserve Bank of New York (2020)
  by Daniel J. Lewis & Karel Mertens & James H. Stock
  (ReDIF-paper, fip:fednls:87695)
• Tracking the COVID-19 Economy with the Weekly Economic Index (WEI)
  Liberty Street Economics, Federal Reserve Bank of New York (2020)
  by Daniel J. Lewis & Karel Mertens & James H. Stock
  (ReDIF-paper, fip:fednls:88514)
• Measuring Real Activity Using a Weekly Economic Index
  Staff Reports, Federal Reserve Bank of New York (2020)
  by Daniel J. Lewis & Karel Mertens & James H. Stock & Mihir Trivedi
  (ReDIF-paper, fip:fednsr:87768)
• High Frequency Data and a Weekly Economic Index during the Pandemic
  Staff Reports, Federal Reserve Bank of New York (2020)
  by Daniel J. Lewis & Karel Mertens & James H. Stock & Mihir Trivedi
  (ReDIF-paper, fip:fednsr:89215)
• Do Monetary Policy Announcements Shift Household Expectations?
  Staff Reports, Federal Reserve Bank of New York (2019)
  by Daniel J. Lewis & Christos Makridis & Karel Mertens
  (ReDIF-paper, fip:fednsr:897)
• A Robust Test for Weak Instruments with Multiple Endogenous Regressors
  Staff Reports, Federal Reserve Bank of New York (2022)
  by Daniel J. Lewis & Karel Mertens
  (ReDIF-paper, fip:fednsr:94377)
• The Impact of Work from Home on Interstate Migration in the U.S
  On the Economy, Federal Reserve Bank of St. Louis (2024)
  by Alexander Bick & Adam Blandin & Karel Mertens & Hannah Rubinton
  (ReDIF-paper, fip:l00001:98403)
• Empirical evidence on the aggregate effects of anticipated and unanticipated US tax policy shocks
  Working Paper Research, National Bank of Belgium (2009)
  by Karel Mertens & Morten O. Ravn
  (ReDIF-paper, nbb:reswpp:200911-13)
• Technology-Hours Redux: Tax Changes and the Measurement of Technology Shocks
  NBER Chapters, National Bureau of Economic Research, Inc (2010)
  by Karel Mertens & Morten O. Ravn
  (ReDIF-chapter, nbr:nberch:12195)
• Empirical Evidence on the Aggregate Effects of Anticipated and Unanticipated US Tax Policy Shocks
  NBER Chapters, National Bureau of Economic Research, Inc (2010)
  by Karel Mertens & Morten O. Ravn
  (ReDIF-chapter, nbr:nberch:13348)
• Empirical Evidence on the Aggregate Effects of Anticipated and Unanticipated U.S. Tax Policy Shocks
  NBER Working Papers, National Bureau of Economic Research, Inc (2010)
  by Karel Mertens & Morten Ravn
  (ReDIF-paper, nbr:nberwo:16289)
• Marginal Tax Rates and Income: New Time Series Evidence
  NBER Working Papers, National Bureau of Economic Research, Inc (2013)
  by Karel Mertens & José L. Montiel Olea
  (ReDIF-paper, nbr:nberwo:19171)
• The Macroeconomic Effects of Government Asset Purchases: Evidence from Postwar US Housing Credit Policy
  NBER Working Papers, National Bureau of Economic Research, Inc (2017)
  by Andrew Fieldhouse & Karel Mertens & Morten O. Ravn
  (ReDIF-paper, nbr:nberwo:23154)
• A Narrative Analysis of Mortgage Asset Purchases by Federal Agencies
  NBER Working Papers, National Bureau of Economic Research, Inc (2017)
  by Andrew J. Fieldhouse & Karel Mertens
  (ReDIF-paper, nbr:nberwo:23165)
• U.S. Economic Activity During the Early Weeks of the SARS-Cov-2 Outbreak
  NBER Working Papers, National Bureau of Economic Research, Inc (2020)
  by Daniel Lewis & Karel Mertens & James H. Stock
  (ReDIF-paper, nbr:nberwo:26954)
• The Macroeconomic Effects of Government Asset Purchases: Evidence from Postwar U.S. Housing Credit Policy
  The Quarterly Journal of Economics, President and Fellows of Harvard College (2018)
  by Andrew J Fieldhouse & Karel Mertens & Morten O Ravn
  (ReDIF-article, oup:qjecon:v:133:y:2018:i:3:p:1503-1560.)
• Marginal Tax Rates and Income: New Time Series Evidence
  The Quarterly Journal of Economics, President and Fellows of Harvard College (2018)
  by Karel Mertens & José Luis Montiel Olea
  (ReDIF-article, oup:qjecon:v:133:y:2018:i:4:p:1803-1884.)
• Fiscal Policy in an Expectations-Driven Liquidity Trap
  The Review of Economic Studies, Review of Economic Studies Ltd (2014)
  by Karel R. S. M. Mertens & Morten O. Ravn
  (ReDIF-article, oup:restud:v:81:y:2014:i:4:p:637-1667)
• Online Appendix to "Understanding the Aggregate Effects of Anticipated and Unanticipated Tax Policy Shocks"
  Online Appendices, Review of Economic Dynamics (2010)
  by Karel Mertens & Morten Overgaard Ravn
  (ReDIF-paper, red:append:09-221)
• Code and data files for "Understanding the Aggregate Effects of Anticipated and Unanticipated Tax Policy Shocks"
  Computer Codes, Review of Economic Dynamics (2010)
  by Karel Mertens & Morten Overgaard Ravn
  (ReDIF-software, red:ccodes:09-221)
• The Research Agenda: Karel Mertens and Morten Ravn on Fiscal Policy, Anticipation Effects, Expectations and Crisis
  EconomicDynamics Newsletter, Review of Economic Dynamics (2011)
  by Karel Mertens & Morten Ravn
  (ReDIF-article, red:ecodyn:v:12:y:2011:i:2:agenda)
• Understanding the Aggregate Effects of Anticipated and Unanticipated Tax Policy Shocks
  Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2011)
  by Karel Mertens & Morten Overgaard Ravn
  (ReDIF-article, red:issued:09-221)
• The Aggregate Effects of Anticipated and Unanticipated U.S. Tax Policy Shocks: Theory and Empirical Evidence
  2008 Meeting Papers, Society for Economic Dynamics (2008)
  by Morten O. Ravn & Karel Mertens
  (ReDIF-paper, red:sed008:575)
• Understanding the Aggregate Effects of Anticipated and Unanticipated Tax Policy shocks
  2009 Meeting Papers, Society for Economic Dynamics (2009)
  by Morten O. Ravn & Karel Mertens
  (ReDIF-paper, red:sed009:480)
• Credit Channels in a Liquidity Trap
  2011 Meeting Papers, Society for Economic Dynamics (2011)
  by Morten Ravn & Karel Mertens
  (ReDIF-paper, red:sed011:1452)
• A New Approach to the Estimation of Tax Multipliers
  2011 Meeting Papers, Society for Economic Dynamics (2011)
  by Morten O. Ravn & Karel Mertens
  (ReDIF-paper, red:sed011:852)
• The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States
  2012 Meeting Papers, Society for Economic Dynamics (2012)
  by Morten Ravn & Karel Mertens
  (ReDIF-paper, red:sed012:638)
• Marginal Tax Rates and Reported Incomes: New Time Series Evidence
  2013 Meeting Papers, Society for Economic Dynamics (2013)
  by Karel Mertens
  (ReDIF-paper, red:sed013:574)
• Technology-Hours Redux: Tax Changes and the Measurement of Technology Shocks
  NBER International Seminar on Macroeconomics, University of Chicago Press (2011)
  by Karel Mertens & Morten O. Ravn
  (ReDIF-article, ucp:intsma:doi:10.1086/658303)
• Measuring real activity using a weekly economic index
  Journal of Applied Econometrics, John Wiley & Sons, Ltd. (2022)
  by Daniel J. Lewis & Karel Mertens & James H. Stock & Mihir Trivedi
  (ReDIF-article, wly:japmet:v:37:y:2022:i:4:p:667-687)